Posted on

Why Use Smart Contracts to Build Blockchain Applications?

One of the most crucial features of Blockchain Technology is its decentralized nature. This means that the information is shared by all the parties of the networks. Hence, it eliminates the need for middlemen or intermediaries to facilitate operations. This feature is particularly useful because it saves one from the possibilities of hacks and fraudulent activities. Blockchain Technology offers a feature-rich, fast, cheap, and efficient mode of transactions. Thus, most organizations in the government and banking sectors have started adopting this top-notch technology.

This post deals with the importance and the need for Smart Contracts to create Blockchain applications in the market. 

Posted on

Common Misconceptions About Smart Contracts and Development Services

One of the most promising developments in blockchain is the use of smart contracts. Smart contracts are self-executing contracts in which the conditions of the agreement between buyer and seller are clearly written into lines of code. The code and the agreements enclosed within are stored across a distributed, decentralized blockchain network. Simply, smart contracts are computerized transaction protocols that execute the terms of a contract.

The probable advantages of smart contracts have seen businesses paying huge attention to smart contract development services. Unfortunately, the big spike in interest has also promoted the growth of some major misconceptions about smart contract development services: what they do, what their products are meant for, and what their products can do?